Global insurance broker and fintech financial services provider Arcisure has announced that it has appointed Matthew Marolda as its first chief innovation officer. In the newly created role, Marolda will focus on business development and growth opportunities aligned with the company’s artificial intelligence, data and technology platform.
“Given recent developments in our AI platform and the creation of the Arcisure Technology Group, we will benefit from a leader dedicated to connecting innovation, business opportunity and our tech-enabled strategy,” said Greg Williams, co-founder, president and CEO of Arcisure. “Each day we are making strides in the way we use and deploy AI, machine learning and robotic processing to unlock growth, enhance client relationships and drive efficiencies. Matt’s deep expertise in these areas will help us execute on new opportunities and champion innovation in every facet of the company.”
Marolda has extensive experience using data and analytics to drive strategic, marketing and creative decisions in various sectors. He previously served as chief analytics officer at Legendary Entertainment, was a member of the executive leadership team at Tulco Holdings, and president of WarnerMedia’s applied analytics division. His experience will help him build on Arcisure’s expansion into products and services adjacent to its core insurance brokerage business, such as the recent launch of its asset management division.
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“Arcisure is built to do many things – Greg’s vision and the market’s recent affirmations have demonstrated as much,” Marolda said. “In my new role, I will help pursue avenues best primed to leverage our data and AI-driven advancements to accelerate growth. By adding this position, Arcisure is further signaling its readiness to grow in both the present and future, and I welcome the opportunity to help accelerate and broaden that growth.”
The appointment follows Arcisure’s announcement of a $3.4 billion capital raise, implying an enterprise value of $17.5 billion.